Plano, TX Residential Sales Activity Report for December

Single-Family:

Plano experienced a 2% drop in sales for December. The average sales price increased by 5% and the median price by 4%. Pending sales were up by 27% indicating a rebound in January in closed sales. The number of new listings increased by 5% but the number of active listings declined by 27% leaving the months of inventory at 0.9 months. The market remains extremely tight with buyers finding very little to chose from.

Sales: 251

Average Sales Price: $309,490

Median Sales Price: $267,100

Pending Sales: 174

New Listings: 169

Active Listings: 260

Months of Inventory: 0.9

Condo and Townhouse:

There are not many condos and townhouses in Plano so these numbers can be volatile.

Sales were down by 22%. The average sales price was down by 3% while the median sales price increased by 2%. Pending Sales declined by 38%. The number of new listings increased by 55% but the active listings declined by 52%. The months of inventory stands at 0.5.

Sales : 22

Average Sales Price: $215,862

Median Sales Price: $196,750

Pending Sales : 10

New Listings: 17

Active Listings: 11

Months of Inventory: 0.5

Leases:

Leases were up by 43%. The average lease price was flat and the median rent increased by 4%. Pending leases jumped by 178%. The number of new listings increased by 49% while the number of active leases was up by 29%. Even with the sharp jump in the new listings and the active listings the months of inventory remains very low at 1.4 months.

Leases: 123

Average rent price: $1,792

Median Rent Price: $1,750

Pending Leases: 52

New Listings: 156

Active Listings: 205

Months of Inventory: 1.4

Information provided by the Real Estate Center at Texas A&M.